playtechPlaytech, a giant in the online gaming industry released a statement on Thursday about their plans for the future. They indicated that the earnings, including the revenue for 2013 would be ahead of the consensus of current analysts. Playtech ended the year by signing many deals with other companies. In addition, they signed a deal with the Olympic Entertainment Group for an exclusive casino pact and another deal with the Holland Casino from Netherlands.

Playtech has never shied away from announcing the various deals they signed, but they haven’t offered any updates about what they plan to do wish the cash they planned to use for acquisitions. They are probably waiting for the founder Mr Teddy Sagi to make some acquisitions and launch other companies with over half a billion pounds cash. This will persuade the market that Playtech’s products are simply the best and is worth investing their money.

With all this, Playtech’s future will definitely shine in the future. In addition, rumours are rife that the company seems to have inside information about a deal that will provide OPAP with online gaming casino software. Reports also suggest that OpenBet has beat competition by winning OPAP’s tender.

Playtech’s presence in Greece will probably escalate the friction between the software supplier and William Hill, the former partner. We will only know about the developments after a while, depending on the way it plays out. Also, it seems like there is no mutual understanding between the CEO of William Hills Ralph Topping and the management of Playtech. William Hills has been very critical about the developments too.

Categories: Poker News

Posted on: 4th February 2014 by: Gary Beachley